r/MiddleEastNews - The roots of Lebanon’s crisis lie in the country

According to Kumar Jha the severity of the economic and financial crisis in Lebanon is the result of “a lack of any policy action whatsoever by those who are responsible for taking policy action

In June the World Bank published a report titled “Lebanon Sinking to the Top 3,” in which it ranked the Lebanese crisis in “the top 10, possibly top 3,” most-severe global crises since 1850.
“Crisis does impact many countries but if there is adequate response to the crisis in terms of mitigation, prevention, preparedness and taking the economy on a forward path, we can face (those) challenges,” said Jha. He lamented the “sheer lack of governance, and corruption in every sector” in Lebanon.

He was speaking at the UN High Level Political Forum on the progress of the implementation of the Sustainable Development Goals (SDGs). Set by the UN in 2015, with the aim of achieving them by 2030, the 17 global goals were designed as a “blueprint to achieve a better and more sustainable future for all.”

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